Post-Institutionalism in Labor Economics: The Forties and Fifties Revisited

Martin Segal

ILR Review, 1986, vol. 39, issue 3, 388-403

Abstract: This paper describes and evaluates the analytical model of the labor market developed by prominent labor economists of the 1940s and 1950s. The author argues that the post-institutionalist model made significant and lasting contributions to the analysis of labor mobility and the process of job search; to the formulation of models of union policies and the evaluation of the impact of collective bargaining; to the analysis of the factors that shape internal wage structure and contribute to the rise of internal labor markets; and, by its emphasis on the critical role played by the forces of demand, to the analysis of the wage determination process.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ilrrev:v:39:y:1986:i:3:p:388-403

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